International Financial Integration in a Changing Policy Context – the End of an Era?

Menzie Chinn, Michael Devereux and Robert Kollmann ()

MPRA Paper from University Library of Munich, Germany

Abstract: International financial integration has faced major changes and challenges since the 2008-09 global financial crisis. The crisis triggered a persistent contraction in international capital flows. Regulatory reforms and new macro-prudential frameworks have been reshaping international finance since the crisis. Financial flows are also affected by the unwinding of ultra-accommodative post-crisis monetary policies in advanced economies. Finally, protectionist attitudes have been on the rise, since the financial crisis, and already shape the agenda of a number of governments in advanced economies. This special issue of the Journal of International Money and Finance consists of thirteen papers that provide new perspectives on key issues facing international financial integration. All papers were presented at a conference held at the European Commission in Brussels on March 1-2, 2018, organized by the Journal of International Money and Finance, the European Commission, CEPR, Tilburg University, Université Libre de Bruxelles, University of British Columbia, University of Southern California, and University of Wisconsin.

Keywords: International financial integration; global financial crisis; international capital flows; regulatory reforms; monetary policy normalization; protectionism (search for similar items in EconPapers)
JEL-codes: F3 F4 F6 (search for similar items in EconPapers)
Date: 2018-12-06
New Economics Papers: this item is included in nep-mon
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